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Sparks commentary - SIG

Industrials

Sparks - SIG

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SIG (LSE: SHI) – H125 trading update confirms in line expectations and change of CEO
Published by Andy Murphy

SIG’s H125 trading update revealed that H1 volumes were up 2%, while like-for-like revenue was up 1%. Underlying operating profit is expected to be c £15m, up from £12m in FY24, benefiting from productivity initiatives. The update also revealed that SIG expects FY25 operating profit to be in line with market expectations and that no notable pick-up in demand has been seen as yet. The company also announced that Pim Vervaat (previously CEO of Constantia Flexibles and RPC) has been appointed as CEO and chair designate at SIG. He will take up his role on 1 October and transition to chair designate only in 18 months once a new CEO has been identified.

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